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As a buyer, you will not have any upfront costs, until a deal is negotiated for your new home. After negotiation takes place you should be aware of some potential costs:

Steps of buying a home

Pre Purchase Costs

Home Inspection Fees – Varies with size of house and extent of inspection

Septic, well inspection fees – If applicable

Overall buyers should plan for closing costs equivalent to1.5 to 2% (estimate) of the purchase price. This is a rough estimate which includes various fees listed below (all may not be relevant to your purchase);

Closing Costs

Legal Fees and Disbursements

Registration Costs

Title Insurance/Survey – Purchased through your lawyer

Hook-Up Fees – Utilities, etc

Insurance

Land Transfer Taxes – Example calculations below;

At no time will you be paying funds to Irving Real Estate as a buyer.

If you’re a new home buyer, then you’re the lucky ones as you get a break!! Your land transfer Taxes for Provincial level is reduced by $2000.00